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COINTURK NEWS > Technical Analysis > Bitcoin and Major Altcoins Experience Significant Price Movements
Technical Analysis

Bitcoin and Major Altcoins Experience Significant Price Movements

In Brief

  • Bitcoin price reaches record highs, maintaining market optimism.

  • Cardano and Solana show significant price movements with bullish targets.

  • Dogecoin struggles to hold above critical resistance levels amidst market fluctuations.

İlayda Peker
İlayda Peker 7 months ago
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Bitcoin (BTC) $108,207 price hovers around $76,000, reaching an all-time high of $76,849. We are witnessing one of the best weeks of the year. The victory of Trump did not trigger a sell-off, as the prospect of having a crypto-friendly individual in power is a significant development.

Contents
Cardano (ADA)Solana (SOL)Dogecoin (DOGE)

Cardano (ADA)

Cardano $0.760082 (ADA), which has maintained its position among the largest cryptocurrencies for years, is currently trading at $0.437. With a delayed but ongoing rise, the price has increased by nearly 20%. This growth is attributed to the overall bullish sentiment in the market, contrasting with the prolonged underperformance of XRP Coin.

In an environment where daily closes above $0.414 continue, ADA Coin’s price seems poised to target $0.512 and $0.565. After turning the last resistance level into support, peaks between $0.8 and $1 are now on the horizon.

Solana (SOL)

Finally, the SOL Coin price is above $200 again. We mentioned that closes above $188 could pave the way for an upward move to $210. Although this narrow range has disappointed short-term investors seeking profit opportunities, an upward breakout is imminent. If closings above $205-$210 persist, new historical peaks above $256 are targeted.

In this environment of increased risk appetite, if Trump’s victory leads to a surge in new investor demand visible in Google trends, we might witness another wave of meme coin hype within the Solana $175 network. Such a significant hype period could quickly drive the SOL Coin price to unpredictable new heights.

Dogecoin (DOGE)

As the largest meme coin by market cap, DOGE has yet to establish a foothold above $0.20. However, the price, which remains close to resistance, signals that it may overcome this threshold with further attempts. It mirrors Bitcoin’s behavior, which continues to linger near its all-time high. Dogecoin $0.229287‘s performance is benefiting from the market sentiment recovery, strong rally expectations in meme coins, and Elon Musk’s pivotal role under the Trump administration.

After $0.229 and $0.28, the journey may continue above $0.33 towards $1. Alternatively, geopolitical tensions could plunge prices to new lows. The high-risk nature of crypto should not be overlooked, even during the most thrilling days.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 8 November, 2024 - 7:07 pm 8 November, 2024 - 7:07 pm
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